Kikkoman (OTCMKTS:KIKOY) Shares Up 2% – Here’s Why

Kikkoman Co. (OTCMKTS:KIKOY) shares were up 2% on Friday . The company traded as high as $22.10 and last traded at $22.10. 104 shares were traded during mid-day trading, an increase of 88% from the average session volume of 55 shares. The stock had previously closed at $21.67.

Analysts Set New Price Targets

Separately, Zacks Research cut Kikkoman from a “hold” rating to a “strong sell” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Kikkoman currently has a consensus rating of “Sell”.

Kikkoman Price Performance

The stock’s fifty day simple moving average is $20.06 and its two-hundred day simple moving average is $19.11.

About Kikkoman

Kikkoman Corporation (OTCMKTS:KIKOY) is a Japan-based food manufacturer best known for its soy sauce and related seasonings. Headquartered in Noda, Chiba Prefecture, the company traces its roots to family-operated soy sauce brewing in the early 1600s and formalized its corporate structure in 1917. Over the decades, Kikkoman has expanded its portfolio to include a wide range of sauces, marinades, dressings, and cooking wines, combining traditional fermentation techniques with modern production methods.

The company’s flagship product remains naturally brewed soy sauce, made from soybeans, wheat, salt and water through a fermentation process that can take several months.